The full delivery of minerals processing equipment to the Qulong copper mine covers engineering, a full scope of advanced minerals processing equipment and advanced process control system including 6 crushers, 8 semi-autogenous grinding mills and 8 ball mills, 8 stirred mills, 4 vertical plate pressure filters and 16 vibrating screens, as well as related services like installation, start-up, commissioning and technical direction. The total value of the contracts is not disclosed. Metso has already booked EUR 51 million in the second quarter of 2015 and the rest is expected to be booked during 2016-18.

The Qulong copper mine, owned and operated by Tibet Julong Copper Co. Ltd., has a proven copper metal reserve of more than 7 million tons. The in-the-pit mining and concentrator operations will be located on the Qinghai-Tibet Plateau. The mine is built in three phases during 2016 - 2018. After its completion, the mine will be China's largest and most modern copper mine with an annual design production capacity of 560 000 tons of copper and a daily processing capacity of 300 kilotons of ore. The mine is estimated to be in production in 2018.

Sustainable processes

"Qulong has huge ore reserves. Our target is to build the world's leading mine with sustainable mining and minerals processing operations using the most advanced equipment and processes in the world. We aim for high productivity and low cost in the most environmentally friendly way possible. The dedication Metso has shown to the project has been incredible and has assured us that Metso employees regard our aims as their own. We are impressed with Metso's industry-leading, energy-saving solutions and sustainable optimization services. This, combined with Metso's strong local presence and knowledge, is the reason why we chose Metso to supply the equipment for the critical processes." says Mr. Xiao, President of Tibet Julong Copper Co. Ltd.

"We are very proud to be the supplier of key comminution and process equipment for this unique project. We have a track record of delivering what we promise to our customers and we have excellent project management capabilities to execute projects for logistically difficult high altitude locations. During the process of winning this order we have yet again been able to demonstrate our core values of customer centricity and teamwork," says Joao Colagrossi, President, Minerals Capital business area at Metso.

About Tibet Julong Copper Co.

Tibet Julong Copper Co. Ltd., founded in 2006, is a privately owned company headquartered in Lhasa, the capital of the Tibet Autonomous Region, with registered capital of 3.5 billion RMB. The company owns the Qulong and Zhibula copper mines, both located in Maizhokunggar County.

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about EUR 2.9 billion in 2015. Metso employs approximately 12,000 persons in more than 50 countries. Expect results. www.metso.com, www.twitter.com/metsogroup

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: Metso Corporation via Globenewswire